ANKIT BINDAL
Greater Noida West
Summary
Seasoned finance professional with extensive experience over 13 year in Finance and accounts, demonstrating expertise in financial statements reporting and variance analysis. Proven track record in budget management and cost control has significantly enhanced profitability through the implementation of strategic internal controls. Exceptional communicator with strong skills in audit coordination and proficient in SAP, consistently driving results in high-pressure environments. Career aspirations include leveraging financial acumen to contribute to organizational growth and efficiency.
Overview
20
20
years of professional experience
Work History
Assistant General Manager- Finance & Accounts
Mahle Anand Thermal Systems Pvt. Ltd-
Greater Noida
04.2022 - Current
- Leading the Finance team to oversee the overall Finance and Accounts function.
- Performing a monthly trial balance review, suggesting adjustments based on findings, and closing the results every month as per accounting guidelines, with variance analysis.
- Annual budget and monthly forecast preparation, and drive the profitability for achieving the targets.
- Understanding the process and designing the internal controls for the smooth functioning of business.
- Coordinating with auditors and ensuring the timely closure of audit queries and the timely closure of audits.
- Raw Material Analysis, Product Cost Monitoring, and Monitoring Cost-Saving Drive.
- Product costing in SAP with the calculation of MHR, SKF, and activity rates.
- Facilitated analysis and audit of financial records and record-keeping by finance departments to follow the regulations and generally accepted accounting principles.
- Ensuring tax compliance: TDS, GST, advance tax, PF, ESI, etc., timely deposition of taxes, and filing of returns.
- Working capital management with AR and AP control, overdue control, Capex controlling, and inventory management.
- Managed team schedules, delegations, and performance evaluations to optimize productivity.
Head of Finance
Heraeus Technologies India Pvt. Ltd
Noida
12.2018 - 04.2022
- Leading the Finance team of 4 people to oversee overall Finance & Accounts function
- Performing monthly trial balance review and suggesting adjustment based in finding and close the result every month as per accounting guidelines
- Performing monthly variance analysis between budget and actual result
- Annual Budget preparation, Rolling half year forecast preparation
- Plant wise monthly Operation Review and Analysis
- Leading Month End Closing Activity to ensure timely closing and reporting
- Understanding the process and designing the Internal Controls for Smooth functioning of Business
- Ensuring the compliance related to taxation Like GST PF ESI, TDS, Advance Tax
- GL Accounting overseeing and review of reconciliation for accounts for timely closure of open items
- Product Costing and Optimization for products and monitoring cost saving drive
- Treasury Management and Cash flow management
- Handling of Statutory Audit and Internal Audit and co-ordination with the auditor for timely closures of audit
- Leading the SAP Roll out in the Plant
Assistant Manager
Mahle Behr India Private Limited
Noida
05.2014 - 12.2018
- SAP CO month end closing and COPA Reporting
- Weekly Operation controlling meeting, Investment controlling in SAP, and Cost controlling Initiative
- Leading and handling of audits like Statutory audit, Internal Audit, Tax Audit, Cost Audit, Annual Group Audit
- Track the progress of the audit and timely closure of Audit
- Preparation of Financial as per Local GAAP
- Maintaining Bill of Material (BOM) for Product costing and calculation of price for stock transfer
- Leading the half yearly API activity of inventory from finance side including timely closure of variances
- Annual Cost rollup for Cost Updating and Cost Analysis
- Age Wise Management of Inventory including provision for Slow Moving inventory
- Controlling and Managing age wise Account Receivable and Account Payable including the controlling the past dues and Collection from Debtors
- Ensuring timely payment of vendors and reconciliation of vendors including clearing the vendor payment hold
- Ensuring timely vendors payment and maintain cash flow
- Capex and expenses controlling
Assistant Manager
Conscient Infrastructure Pvt. Ltd
Gurgaon
07.2012 - 05.2014
- Company Overview: Real Estate Developers
- Preparation of MIS reports financial performance, viz
- Monthly profitability, age-wise analysis of debtors as per the requirement of management and weekly cash flow statement
- Computing & arranging for timely deposit of taxes (Advance Tax, TDS & Service Tax, Work Contract Tax) and filing of returns for completion of assessment and ensuring statutory compliance
- Monitoring preparation of statutory books of accounts, bank reconciliation and consolidated reports in compliance with time & accuracy norms
- Overseeing financial statements including Trial Balance, Profit & Loss A/c., Age-Wise Accounts Payables & Receivables Statements and Balance Sheets
- Leading Audit Activity like Statutory Audit, Tax Audit, Internal Audit
- Project cost Monitoring and Controlling
- Real Estate Developers
INTERNSHIP AND TRAINING
Sampark & Associates
06.2005 - 05.2008
- During traning handled various Audit like Statuory Audit, Tax Audit, Internal Audit, Taxation work etc
Education
Chartered Accountancy -
The Institute of Chartered Accountants of India
New Delhi11-2011
Bachelor of Commerce -
Chaudhary Charan Singh University
Meerut, UP01.2004
Intermediate - Commerce
UP Board
Baghpat, UP01.2001
Higher School - Arts
UP Board
Baghpat, UP01.1999
Skills
- Financial reporting
- Variance analysis
- Budgeting and cost control
- Internal controls
- Tax compliance
- Cost accounting
- Audit coordination
- Cash flow management
- SAP utilization
- Stakeholder communication
- Multitasking
Personal Information
- Father's Name: Mr. Satish Chand Bindal
- Date of Birth: 12/02/83
Accomplishments
- Part of Human Capital Development in Mahle Anand Thermal Systems Pvt Ltd,
- Annual award for improving cash flow and saving of 30 Mill INR of custom duty through EPCG license utilization
- Annual award for driving the profitability and achieving the breakeven for the Noida Plant.
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Assistant General Manager- Finance & Accounts
Mahle Anand Thermal Systems Pvt. Ltd-
04.2022 - Current
Head of Finance
Heraeus Technologies India Pvt. Ltd
12.2018 - 04.2022
Assistant Manager
Mahle Behr India Private Limited
05.2014 - 12.2018
Assistant Manager
Conscient Infrastructure Pvt. Ltd
07.2012 - 05.2014
INTERNSHIP AND TRAINING
Sampark & Associates
06.2005 - 05.2008
Chartered Accountancy -
The Institute of Chartered Accountants of India
Bachelor of Commerce -
Chaudhary Charan Singh University
Intermediate - Commerce
UP Board
Higher School - Arts
UP Board
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